Is Montgomery County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montgomery County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Montgomery County was a Seller's Market.

Key Takeaway

Montgomery County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Montgomery County, NC

How much do homes in Montgomery County, NC cost?

Median Sold Price

$234,333

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,333(+4.1%)

Key Takeaway

Homes in Montgomery County have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Montgomery County was $234,333 in November 2024, up 4.1% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85K$92K
+8.2%
2 $134K$165K
+23.1%
3 $255K$266.9K
+4.7%
4 $350K$302.5K
-13.6%
5+ $410K$259K
-36.8%

Summary: Montgomery County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 36.8%.

Median Sold Price Compared To Nearby Counties

Richmond County
+7.2%
Moore County
+6.9%
Montgomery County
+4.1%
Stanly County
+3.7%
Randolph County
+2.9%

Housing Supply in Montgomery County, NC

How many homes are available in Montgomery County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
138136-1.4%

Summary: The Montgomery County real estate market had 136 homes for sale in November 2024, a 1.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1616
0.0%
2 3739
+5.4%
3 6564
-1.5%
4 1313
0.0%
5+ 74
-42.9%

Summary: The Montgomery County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery County, you may be able to get a good deal. 89.5% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Montgomery County in November 2024, up by 5.6% month-over-month. Of the 19 sold homes, 89% were sold under asking, 5% were sold at asking, and 5% were sold over asking.

Days on Market for Montgomery County, NC

How long does it take to sell a home in Montgomery County, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days57 Days+105.3%

Summary: Homes in Montgomery County had an average of 57 days on market in Nov 2024, up by 105.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Montgomery County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in Montgomery County; 58% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Montgomery County, NC

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